Aetna Inc to Post FY2018 Earnings of $11.28 Per Share, Piper Jaffray Companies Forecasts (AET)

Aetna Inc (NYSE:AET) – Analysts at Piper Jaffray Companies raised their FY2018 EPS estimates for shares of Aetna in a research note issued to investors on Tuesday, October 30th. Piper Jaffray Companies analyst S. James now anticipates that the company will earn $11.28 per share for the year, up from their prior forecast of $10.97. Piper Jaffray Companies has a “Neutral” rating and a $206.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Aetna’s Q3 2019 earnings at $3.31 EPS, Q4 2019 earnings at $2.03 EPS, Q1 2020 earnings at $3.77 EPS, Q2 2020 earnings at $3.87 EPS, Q3 2020 earnings at $3.51 EPS and FY2020 earnings at $13.42 EPS.

Aetna (NYSE:AET) last announced its earnings results on Tuesday, October 30th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.83 by $0.13. The firm had revenue of $15.48 billion for the quarter, compared to the consensus estimate of $15.40 billion. Aetna had a net margin of 5.99% and a return on equity of 20.78%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.45 EPS.

AET has been the topic of several other research reports. Zacks Investment Research downgraded shares of Aetna from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Cantor Fitzgerald reiterated a “hold” rating and issued a $204.00 target price on shares of Aetna in a report on Tuesday. Credit Suisse Group lifted their target price on shares of Aetna from $202.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. Finally, Citigroup lifted their target price on shares of Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Aetna presently has a consensus rating of “Hold” and an average price target of $204.17.

Shares of AET opened at $198.40 on Thursday. The firm has a market capitalization of $64.71 billion, a P/E ratio of 20.12, a PEG ratio of 1.70 and a beta of 0.69. Aetna has a one year low of $164.52 and a one year high of $206.66. The company has a current ratio of 2.46, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its position in Aetna by 31.7% in the second quarter. Wolverine Asset Management LLC now owns 47,351 shares of the company’s stock valued at $8,688,000 after buying an additional 11,408 shares in the last quarter. Havens Advisors LLC boosted its position in Aetna by 32.1% in the third quarter. Havens Advisors LLC now owns 50,200 shares of the company’s stock valued at $10,183,000 after buying an additional 12,200 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its position in Aetna by 1,696.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 11,209 shares of the company’s stock valued at $162,000 after buying an additional 10,585 shares in the last quarter. Abrams Capital Management L.P. boosted its position in Aetna by 14.1% in the second quarter. Abrams Capital Management L.P. now owns 1,575,000 shares of the company’s stock valued at $289,013,000 after buying an additional 195,000 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in Aetna by 140.0% in the second quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the company’s stock valued at $973,000 after buying an additional 3,094 shares in the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 24th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.01%. Aetna’s dividend payout ratio (DPR) is presently 20.28%.

Aetna Company Profile

Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.

See Also: Retained Earnings

Earnings History and Estimates for Aetna (NYSE:AET)

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